So looks to me like dominance is switching just as btc has been hanging above the 4hr 20ma and relatively close to the resistance trendline. As this 48hr "Altseason" comes to a close, it sure was fun while it lasted...lol
Anyhow, currently I am bearish altcoins and bullish btc. If this is a real trend that will continue with a btc bull break, alts are going to take a hit back down to supports. This current reversal has taking about 3 days, with quite a few fakeouts. Got caught in a couple, but we only risk 1% of our account in each trade, so losses aren't a problem.
Look to short alts pumps, and long btc dips if this trend change is real.
The Daily is even more bullish for me with that month-long inverted Head and Shoulders played out. Also dominance daily looks like a reversal.
@deepUP, This was the post on my free channel. I'm sorry I don't update tradingview as often as I do my channels. It was a 5 day reversal.
I stand corrected by the market. Seems dominance was bouncing, but now it's rolling over again. It just might be alts time to shine for a bit. Can't get them all right, that's why the most important part of trading is risk management. Losing is a part of trading you cannot avoid or fear. You must embrace it and learn how to manage it based on a system, and strategy that takes loss into account.
Back to the drawing board.
deepUP
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@Blockchain_Bob, dominance jsut break up, alt season is over
ChartCrushers
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@deepUP, That's why i've been short for 2 days brother ;-)